Today is Friday, 22nd November 2024

National: Merck to pay $671 Million in Settlement Fees

Last Updated on Friday, 8 February 2008 03:12 Written by rslcpol Friday, 8 February 2008 03:12

PHILADELPHIA – Merck and Co. has agreed to pay $671 million to settle claims that it overcharged Medicaid programs for four drugs, including Vioxx and Zocor, and to resolve allegations of improper marketing to doctors, U.S. prosecutors and company officials announced Thursday.

In a case in Philadelphia, Merck agreed to pay $399 million plus interest for improper calculation of Medicaid rebates and its marketing practices. In a Louisiana case, it agreed to pay $250 million plus interest for its rebate practices. The interest payments boost the total to $671 million, Merck said.

Read the Rest… 

This entry was posted on Friday, February 8th, 2008 at 3:12 pm and is filed under Attorney General News, State Legislature News. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

Leave a Reply


You must be logged in to post a comment.

Share this Story on Facebook

Share

Main Menu

Top